[Featured Stock] Lake Materials Benefits from Green New Deal... World No.1 in LED and Solar Cell Core Materials

[Asia Economy Reporter Hyungsoo Park] Amid a surge in Green New Deal-related stocks in the domestic stock market, Lake Materials, the world's No. 1 company in TMA materials for high-efficiency solar cells, is also showing strong stock performance.

As of 9:56 a.m. on the 21st, Lake Materials' stock price is trading at 1,710 KRW, up 9.27% from the previous day.

The government has decided to include the 'Green New Deal' in the 'Korean New Deal,' which is being promoted to create jobs amid the COVID-19 pandemic. The Green New Deal refers to policies that respond to climate change by reducing greenhouse gas emissions while simultaneously creating new jobs.

Kang Min-seok, the Blue House spokesperson, said in a briefing the day before, "President Moon Jae-in recently received and reviewed a joint written report from related ministries regarding the Green New Deal project and made this decision."

President Moon stated, "It is clear that the Green New Deal is the path we must take," adding, "It is necessary to acknowledge this considering the demands of the international community and civil society."

Lake Materials is an organometallic materials company. It supplies materials to various industrial sectors such as light-emitting diodes (LED), solar power, semiconductors, and petrochemicals. By combining methane (CH3) organic molecules with aluminum (Al) metal atoms, it produces organometallic chemicals such as trimethylaluminum (TMA).

It has secured TMA manufacturing technology, a key material, and has global companies such as Samsung Electronics, TSMC, and Hanwha Q CELLS as customers. Worldwide, there are four TMA manufacturers: Lake Materials, Grace (USA), Akzo Nobel (USA), and Lanxess (Germany).

Park Chansol, a researcher at SK Securities, introduced, "Lake Materials is estimated to hold the No. 1 global market share for LED materials and high-efficiency solar cell TMA materials," adding, "For LED materials, a major source of revenue, it supplies more than 70% of the volume used in the Epi growth processes of large companies such as Samsung Electronics, LG Innotek, Seoul Semiconductor, and Epistar (Taiwan)."